Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

Amazon to invest up to billion in Anthropic, a rival to ChatGPT developer OpenAI

Alain Jocard | AFP | Getty Visuals

E-commerce large Amazon on Monday said it will spend up to $4 billion in Anthropic and take a minority possession situation in the company.

Anthropic was established around two many years back by previous OpenAI exploration executives, and not too long ago debuted its new AI chatbot termed Claude 2.

The two corporations reported Monday that it was forming a strategic collaboration to advance generative AI, with the startup picking Amazon Web Services as its primary cloud company. Anthropic stated it will provide AWS customers with early entry to special characteristics for product customization and high-quality-tuning abilities.

This is a breaking news story, be sure to look at back again afterwards for additional.

Supply

Technology

Ether nears 2021 record high as money pours into ETFs, bullish forecasts abound

August 13, 2025

Key Points Ether at one point Wednesday traded as high as $4,714.02, putting it less than $200 away from its November 2021 all-time high. Inflows into ether ETFs are up to $1.5 billion so far this week, compared to $244 million into bitcoin ETFs. Standard Chartered raised its price target on ETH to $7,500 by […]

Technology

How Big Tech is paying its way out of Trump’s tariffs

August 13, 2025

Apple CEO Tim Cook (R) shakes hands with U.S. President Donald Trump during an event in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images Top tech executives are at the forefront of a recent swathe of unprecedented deals with U.S. President Donald Trump. In […]

Technology

Chinese tech giant Tencent’s quarterly revenue jumps 15% on AI investments, gaming unit boost

August 13, 2025

The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in […]